Explain two disadvantages of specialisation.

Vulnerability, whether it be an employee, firm or country who specialise, producing only one good can be a risk if that industry were to collapse. An example of this is the increase in unemployment in the south of England resulting from deindustrialisation.Quality of output may in fact decrease as repetition can cause boredom and workers may start to make mistakes.

KE

Related Economics GCSE answers

All answers ▸

What is the price elasticity of demand ?


Explain what a balance of trade deficit is


Explain a benefit of international trade for UK consumers


What is the PPF curve and what would cause it to shift?